Real Estate/Property Management
Outcomes
- Real Estate/Property Management — A.A.S. Degree 64 credits
- Real Estate/Property Management — Diploma 45 credits
- Property Management — Certificate 16 credits
- General Real Estate — Certificate 16 credits
Real Estate/Property Management — Diploma
| Course# | Course Title | Credits |
| PMGT1101 | Real Estate I | 2 |
This course is an introduction to the exciting world of real estate that meets the requirements of 30 hours for pre-licensing education. Topics covered will include real estate and the law, the concepts of home ownership, the laws of agency and the brokerage business, forms of ownership, legal descriptions, and taxes. Prerequisites: None. Offered: Fall, Spring, Summer Credit Breakout: 2.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is required in this class. | ||
| PMGT1102 | Real Estate II | 2 |
This course meets the requirements for the second 30 hours of pre-licensing education. Topics covered will include listing agreements, buyer representation, real estate contracts, principles of financing, fair housing, environmental issues, and closing the transaction. Prerequisites: PMGT1101. Offered: Fall, Spring, Summer Credit Breakout: 2.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is required in this class. | ||
| PMGT1204 | Real Estate III (Law) | 2 |
This course meets the state requirement for Real Estate III. This course presents a practical look at the many laws that affect the ownership, sale, and management of real estate. Principles will be learned by reviewing and discussing actual cases. Special emphasis will be placed on agency law, fair housing, contract law, and any other laws and disclosures that real estate practitioners need to know. Prerequisites: None. Offered: Fall, Spring, Summer Credit Breakout: 2.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is required in this class. | ||
| PMGT1200 | Introduction to Property Management | 1 |
This course is an introduction to the profession of property management. The fundamental techniques used for preserving and increasing the value and integrity of investment real estate will be covered. Special emphasis will be placed on determining and developing strategies to meet the owners' goals and objectives Prerequisites: None. Offered: Fall Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is required in this class. | ||
| PMGT1205 | Loan Application and Processing | 1 |
This course covers the real estate loan process from pre-qualifying the borrower to determining which types of loans may be available and selecting which type would be best for the borrower. It includes a discussion of what the underwriters are looking for and how to prepare a loan for submittal for approval. A must course for those in, or desiring to be involved in, the financing aspects of residential and commercial real estate. Prerequisites: None. Offered: Fall, Spring, Summer Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is critical in this class. | ||
| PMGT1207 | Instruments of Real Estate Finance | 1 |
This course covers the many types of financing instruments that are used today to finance the construction and purchase of real estate. It also looks at the specific clauses in mortgages and notes and the impact they have on borrowers and lenders. Special attention will be given to the many creative methods of financing real estate and how each may benefit the buyer and the seller. Prerequisites: None. Offered: Fall, Spring, Summer Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is critical in this class. | ||
| PMGT1210 | Appraisal Process | 1 |
This course covers the process the appraiser must go through to comply with the requirements of the assignment. The student will learn that the process used is just as important as the results obtained by the appraisal. The student will also learn how to determine if comparable sales were "arms length transactions." Prerequisites: None. Offered: Spring Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is required in this class. | ||
| PMGT1212 | Residential Appraisal Workshop | 1 |
This course reviews the principles of the appraisal process and provides the student with the necessary forms and knowledge to complete a residential single family appraisal report. This course also is approved for 15 hours of real estate and appraisal continuing education. Prerequisites: None. Offered: Spring Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is critical in this class. | ||
| PMGT1213 | Managing Residential Property | 1 |
This course covers all the basics of managing residential income property. The student will identify the various types of properties, compare the pros and cons of each, and develop good check lists for developing a very complete system for managing property. Prerequisites: None. Offered: Fall Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is critical in this class. | ||
| PMGT1214 | Life and Safety Issues | 1 |
This course covers issues necessary to protect the health, safety, and well being of occupants and property management employees of real estate investment properties. Topics covered are preventive maintenance inspections, proper disclosures, and procedures to follow when mishaps occur. Prerequisites: None. Offered: Fall Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is critical in this class. | ||
| PMGT1215 | Maintenance Management | 1 |
This course covers the reasons for and the techniques of how to properly develop and manage a maintenance program that will protect the value of the asset being managed. We discuss the roles of property managers, resident managers, maintenance staff and outside service providers. Also discussed are methods of identifying risks and deciding which options might be available to deal with that risk. Prerequisites: Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 3 hours per week reading and preparing for class. Attendance is required for a real estate completion certificate. Students are encouraged to participate in assigned activities. | PMGT1216 | Managing Commercial/Industrial Properties | 1 |
This course covers the management and marketing of office buildings, industrial properties, and retail facilities. The student will compare the similarities and differences between these types of properties and residential investment properties. Prerequisites: None. Offered: Fall Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is critical in this class. | ||
| PMGT1217 | Risk Management | 1 |
This course covers the reasons for and the techniques of how to properly develop and manage the various types of risk associated with managing residential property. We discuss the roles of property managers, resident managers, maintenance staff and outside service providers. Also discussed are methods of identifying risks and deciding which options might be available to deal with that risks. Prerequisites: Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 3 hours per week reading and preparing for class. Attendance is required for a real estate completion certificate. Students are encouraged to participate in assigned activities. | ||
| PMGT1219 | Leases and Tenant Relations | 1 |
This course covers rental contracts beginning with the legal definitions of the various forms of leasehold estates and the rights and obligations the landlords and the tenants each have. The students will learn what steps to take to determine the qualifications of a prospective tenant and how to negotiate and create an acceptable residential lease agreement. Prerequisites: Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Students are required to read and study chapters five, six and seven, attend and participate in classroom assignments and discussions. The student's grade will be determined by attendance, participation and test results. | ||
| PMGT1224 | Income Capitalization Analysis | 1 |
This course compares the various methods of estimating the market value of income-producing properties. It includes the pros and cons of gross rent multipliers, cap rates, cash on cash returns on investment, and analysis of the impact financing may have on the value of a property to a particular investor. Prerequisites: None. Offered: Spring Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is required in this class. | ||
| PMGT1225 | MN Landlord/Tenant Law | 1 |
This covers the rights and obligations that landlords and the tenants have. Prerequisites: Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Students are required to read and study handout material, attend and participate in classroom assignments and discussions. The student's grade will be determined by attendance, participation and test results. | ||
| PMGT1226 | Construction and Blueprint Reading | 1 |
This course covers building construction basics from blue print reading to types of construction. Emphasis will also be placed on the process of requesting construction bids and developing an understanding of the principles of building codes. Prerequisites: None. Offered: Fall Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 3 hours per week preparing for class. Attendance is critical in this class. | ||
| PMGT1228 | Community Association Management | 1 |
This course covers one of the fastest-growing areas of real estate and property management, community association management. Recent statistics indicate that 50% of new residential properties being constructed are in some way a part of an owner's association. This course is a real hands-on, practical course on what you need as a homeowner involved in an association, or a real estate salesperson involved in buying or selling townhomes or condominiums, or a property management professional. Prerequisites: None. Offered: Spring Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 3 hours per week preparing for class. Attendance is required in this class. | ||
| PMGT1229 | Subsidized Housing | 1 |
This course covers Section 8 and other forms of subsidized housing. Prerequisites: Handouts will be provided Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Students are required to read and study the handout material, participate in classroom assignments and discussions. The student's grade will be determined by attendance, participation and test results. | ||
| PMGT1230 | Income Property Marketing | 1 |
This course covers all phases of income property marketing from defining goals and objectives to evaluating the results of that plan. Emphasis will be given to the importance of paying attention to the details of a good marketing plan, and the power of feedback and adjustments. Prerequisites: None. Offered: Fall Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 3 hours per week preparing for class. Attendance is critical in this class. | ||
| PMGT1232 | Cash Flow Analysis | 1 |
This course covers one of the most powerful tools a real estate investor/appraiser can use. The student will learn how to estimate future performance of income-producing property, and how to evaluate those future cash flows by using present day values. The course will cover capital gains, and the king of all tax shelters, the 1031 tax deferred exchange. Prerequisites: None. Offered: Spring Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is required in this class. | ||
| PMGT1302 | Planning and Operating a Small Business | 1 |
This course is an introduction to the designing, developing, and operating of a small business and/or an independent contractor practice. This is a must course for individuals beginning their careers in Real Estate, Appraisal, Financing, Insurance or Property Management. We start with how to develop a business plan, implement that plan, and conclude with how to make adjustments to keep up to changes in the business environment. Prerequisites: None. Offered: Fall, Spring Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 2 hours per week preparing for class. Attendance is critical in this class. | ||
| PMGT1304 | Marketing Strategies for Small Business | 1 |
This course covers one of the most important areas of operating a small business or independent contractor practices. The student will learn how to maximize results from a minimal amount of dollars by using proven marketing strategies. A must course for those entering the field of Real Estate, Property Management, Appraisal, Financing or Insurance. Prerequisites: None. Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 2 hours per week preparing for class. Attendance is critical in this class. | ||
| PMGT1401 | Real Estate Math and Calculator Basics | 1 |
This course covers the basic operation of the Hewlett-Packard HP12C financial calculator. All of the most common applications used by real estate professions, appraisers, property managers and loan officers are covered in this course. This is definitely one of the most powerful tools available for the true professional. Prerequisites: None. Offered: Fall, Spring Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 2 hours per week preparing for class. Attendance is critical in this class. Hewllett Packard HP12C calculator required. | ||
| PMGT2020 | Negotiating for Agreement | 1 |
This course covers the importance of developing negotiating skills and the basic techniques used in negotiating. We will look at everyday situations and discuss how these strategies can help us in the business world and in some personal situations. Prerequisites: None. Offered: Spring Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 2 hours per week preparing for class. Attendance and participation are critical in this class. | ||
| Technical Electives * | 9 | |
| Total Credits | 36 | |
General Education
| Course# | Course Title | Credits |
| COML1400 | Introduction to Computers | 3 |
This course emphasizes the process of writing expository and persuasive essays using effective writing skills and a variety of research techniques. Also included in the course content are critical reading and logical reasoning. Prerequisites: Must pass Accuplacer test or successfully complete ENGL0130 - English Essentials or receive instructor approval. Offered: Fall, Spring, Summer Credit Breakout: 3.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is critical in this class. | ||
| ENGL1150 | Composition I (or ENGL1000) | 3 |
This course emphasizes the process of writing expository and persuasive essays using effective writing skills and a variety of research techniques. Also included in the course content are critical reading and logical reasoning. Prerequisites: Must pass Accuplacer test or successfully complete ENGL0130 - English Essentials or receive instructor approval. Offered: Fall, Spring, Summer Credit Breakout: 3.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is critical in this class. | ||
| SPEE1020 | Interpersonal Communications | 3 |
This course focuses on the practical and theoretical concepts of human communications and the styles used in personal, social and professional environments. Students will also acquire skills in critical thinking, perception, listening, verbal and non-verbal expressions and conflict resolution. Prerequisites: None. Offered: Fall, Spring, Summer Credit Breakout: 3.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is critical in this class. | ||
| Total Credits | 9 | |
| Total Program Requirements | 45 |
* Technical electives may be selected from the following
subject areas:
PMGT, ENTR, MKTC, ISTC, SMGT, LAHT,
ACCT or up to 9 credits of internship.
** Select General Education electives from any MnTC goal area.
